Dominion Energy, Inc. (NYSE:D) Stock Holdings Boosted by Advisory Services Network LLC

Advisory Services Network LLC boosted its stake in Dominion Energy, Inc. (NYSE:DGet Rating) by 23.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,567 shares of the utilities provider’s stock after buying an additional 3,570 shares during the period. Advisory Services Network LLC’s holdings in Dominion Energy were worth $1,577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verity Asset Management Inc. boosted its position in shares of Dominion Energy by 61.4% during the 1st quarter. Verity Asset Management Inc. now owns 4,434 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 1,686 shares in the last quarter. Cornerstone Advisory LLC boosted its position in shares of Dominion Energy by 51.8% during the 1st quarter. Cornerstone Advisory LLC now owns 18,444 shares of the utilities provider’s stock valued at $1,568,000 after purchasing an additional 6,296 shares in the last quarter. Toroso Investments LLC boosted its position in shares of Dominion Energy by 11.1% during the 1st quarter. Toroso Investments LLC now owns 10,731 shares of the utilities provider’s stock valued at $912,000 after purchasing an additional 1,075 shares in the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of Dominion Energy by 7.3% during the 1st quarter. Van Hulzen Asset Management LLC now owns 156,706 shares of the utilities provider’s stock valued at $13,315,000 after purchasing an additional 10,700 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Dominion Energy by 8.7% during the first quarter. Capital Research Global Investors now owns 19,624,587 shares of the utilities provider’s stock valued at $1,667,501,000 after buying an additional 1,563,929 shares in the last quarter. Institutional investors own 69.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on D shares. Barclays reduced their price objective on shares of Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. UBS Group reduced their price objective on shares of Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Morgan Stanley upped their price objective on shares of Dominion Energy from $84.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. Mizuho reduced their price objective on shares of Dominion Energy from $87.00 to $81.00 in a research note on Friday, July 15th. Finally, BMO Capital Markets upped their price objective on shares of Dominion Energy from $87.00 to $91.00 and gave the company an “outperform” rating in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $86.29.

Dominion Energy Price Performance

Shares of D opened at $80.82 on Monday. The firm has a market cap of $67.28 billion, a PE ratio of 30.27, a PEG ratio of 3.10 and a beta of 0.41. The firm’s 50 day moving average price is $81.74 and its 200 day moving average price is $82.15. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.74 and a current ratio of 0.86. Dominion Energy, Inc. has a twelve month low of $70.37 and a twelve month high of $88.78.

Dominion Energy (NYSE:DGet Rating) last announced its quarterly earnings results on Monday, August 8th. The utilities provider reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Dominion Energy had a return on equity of 12.95% and a net margin of 15.09%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts expect that Dominion Energy, Inc. will post 4.11 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.67 annualized dividend and a dividend yield of 3.30%. Dominion Energy’s payout ratio is 100.00%.

Dominion Energy Company Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

See Also

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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